Forex trading live calls and set ups

[Lord Flasheart]

shoert eur 1.3799 s/l 12
Another goog 60 min trendline

1/2 off at +12,
rest to b/e
will leave rest for at least 30 or so pips

 

[leovirgo]

morning, nice to see someone bagging pips for breakfast. Looking for long entry on GU & EU.

 

[leovirgo]

long gu 1.5227, sl5219

 

[thinkman]

You guys obviously do a bit of day trading - I was just wondering what timeframe you recommend using for drawing on your trendlines etc? For example - would you use a week, displayed in 30min candles?

 

[Lord Flasheart]

You guys obviously do a bit of day trading - I was just wondering what timeframe you recommend using for drawing on your trendlines etc? For example - would you use a week, displayed in 30min candles?

as you can see by my posts I use generally use 5 and 60 and use bar charts as i have always done but never bothered to switch over.Most people tend to use candlestick charts

 

[leovirgo]

GU long still surviving so far .. amazing.. market is adding premium on the upside.

 

[Lord Flasheart]

GU long still surviving so far .. amazing.. market is adding premium on the upside.

can you explain that a bit more please leo

 

[leovirgo]

GU limit hit 1.5300. +73

 

[Lord Flasheart]

GU limit hit 1.5300. +73

Superb trade. Why did it spike. Im still short eur/gbp hoping for more

 

[leovirgo]

can you explain that a bit more please leo

I am neither an expert nor a prop-trader, therefore forgive my terminology.

On TradeStation fx (cash) chart, the price is 1.5219. The quote on IBFX is 1.5221-23. It went as low as 5217 on cash chart but it didn't take out my 5219 stop. It has to trade through my stop level in order to trigger it. It had to be 5218-52189 to trigger 5219 stop. When it triggers, it usually tends to cause slippage 0.5 to 1pip.

It's also the same with CMC, and other SB firms where their quotes can be as far as 10 pips away from cash fx price.

 

[Lord Flasheart]

out of eur gbp for + 33 on second 1/2

 

[Lord Flasheart]

out of eur gbp for + 33 on second 1/2

The lowest with tradefair was 20 Not even close

 

[thinkman]

Thanks for your reply Julian. So you use 5min and 60min bars for daytrading? I'm a newbie trying to learn the ropes! Much appreciated

 

[Black Swan]

Superb trade. Why did it spike. Im still short eur/gbp hoping for more

better than expected unemployment figures...missed the cable trade but was in on the fall of EUR/GBP...

 

[leovirgo]

Long EU 1.3787. sl3779 actual entry price, ( cash fx is around 3785 & 3777)

 

[Lord Flasheart]

short jpy/usd 90.56 s/l 12
Coming of t/l with dit of divergence

 

[Lord Flasheart]

1/2 out at +10.
Rest at -2

 

[Lord Flasheart]

2nd 1/2 out at -2. Small profit

 

[leovirgo]

EU stopped for -8.

 

[leovirgo]

My stop was below yesterday's High (yHH). Gold is also retreating below yHH. At the moment, GU,EU and Gold are in buy area for me.